Greece

Germany, France press Greece to make credible proposals

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PARIS/ATHENS - France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity. | Video

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Global stocks and oil drop on concerns about Greece, China 7:39pm BST

SAN FRANCISCO - Equity markets around the world fell on Monday and U.S. oil prices tumbled 6 percent after Greece overwhelmingly voted against conditions for a rescue package and on unprecedented measures in China to staunch massive recent losses in its stock markets. | Video

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French, German leaders urge Greece to offer quick proposals 7:28pm BST

PARIS - Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit.

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New Greek finance minister is a change of style, not substance 7:00pm BST

ATHENS - Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece's new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis.

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New Greek finance minister is a change of style, not substance 6:26pm BST

ATHENS - Euclid Tsakalotos, the mild-tempered professor who was appointed as Greece's new finance minister on Monday, is a clear change in style from his combative predecessor Yanis Varoufakis.

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Oil tumbles 6 percent after Greek 'No' vote, ahead of Iran deadline 6:02pm BST

NEW YORK - Oil prices tumbled their most in three months on Monday, with U.S. crude falling 6 percent, after Greece's rejection of debt bailout terms and China's rolling out of emergency measures to support its stock markets shook global markets.

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Hope dies last in Greece after defiant 'No' 5:45pm BST

ATHENS - Athens was still standing on Monday. The Parthenon had not crumbled before the coming Apocalypse. And as their left-wing government made tentative overtures to its European partners, Greeks expressed hope catastrophe might yet be averted.

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FTSE 100 slips, Rolls-Royce slumps after cutting profit forecast 4:57pm BST

LONDON - A slump in Rolls-Royce led Britain's top equity index lower on Monday, although it outperformed continental European indexes, hit harder by uncertainty over the economic fallout from Greeks' rejection of bailout conditions.

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Tourists undeterred despite Greek drama 4:55pm BST

BERLIN - The Greek economy may face more trouble after voters delivered a defiant no to the terms of a bailout, but tourists remain undeterred and the prospect of rock-bottom prices may even be increasing interest.

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Britain's EU 'outers' see opportunity in wake of Greece's 'No' 4:30pm BST

LONDON - For British opponents of the European Union, Greece's turmoil offers an opening: the chance to tempt voters away from what they cast as a crumbling European project, before a looming referendum on Britain's EU membership.